Question: Chapter 6 Homework Saved Help Sa 14 0 Part 1 of 3 Required information [The following information applies to the questions displayed below) At the
Chapter 6 Homework Saved Help Sa 14 0 Part 1 of 3 Required information [The following information applies to the questions displayed below) At the beginning of June, Circuit Country has a balance in inventory of $2,500. The following transactions occur during the month of June. 5 points eBook June 2 Purchase radios on account from Radio World for $2,200, terns 2/15, n/45. June 4 Pay cash for freight charges related to the June 2 purchase from Radio World, $300. June 8 Return defective radios to Radio World and receive credit, $200. June 10 Pay Radio World in full. June 11 Sell radios to customers on account, $4,000, that had a cost of $2,700. June 18 Receive payment on account from customers, $3,000. June 20 Purchase radios on account from Sound Unlimited for $3,300, terms 3/10, n/30. June 23 sell radios to customers for cash, $4,800, that had a cost of $3,100. une 26 Return damaged radio to Sound Unlimited and receive credit of $400. June 28 Pay Sound Unlimited in full. Print References Required: 1. Assuming that Circuit Country uses a periodic inventory system, record the transactions. (If no entry is required for a particular transaction, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet 2 12 >
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